Zacks Investment Research downgraded New Oriental Education & Tech Grp (ADR) (NYSE:EDU) to Hold in a statement released earlier today.
- Updated: September 16, 2016
Showing a price of $48.35, New Oriental Education & Tech Grp (ADR) (NYSE:EDU) traded 3.14% lower on the day. With the last stock price up 17.69% relative to the two hundred day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. The company has been tracking to a 50-day moving average of $42.79 and 200-day moving average of $39.79. Volume of trade was was up over the average, with 1,601,919 shares of EDU changing hands over the typical 1,421,830 shares.
Zacks Investment Research has downgraded New Oriental Education & Tech Grp (ADR)(NYSE:EDU) to Hold in a report released 9/16/2016.
On 9/12/2016, Zacks Investment Research released a statement for New Oriental Education & Tech Grp (ADR)(NYSE:EDU) bumped the target price from $0.00 to $50.00. At the time, this indicated a possible upside of 0.13%.
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Also covering New Oriental Education & Tech Grp (ADR)’s target price, a total of 12 analysts have reported on EDU. The consensus target is $36.00 with four firms rating the company a strong buy, six analysts rating the company a buy, two firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 analysts rating the stock as sell.
New Oriental Education & Tech Grp (ADR) has a price-earnings of 33 with a one-year low of $18.22 and a 52 week high of $48.41 and has a market cap of $0.0.
More About New Oriental Education & Tech Grp (ADR) (NYSE:EDU)
New Oriental Education & Technology Group Inc. is a provider of private educational services in the People’s Republic of China (the PRC). The Company offers a range of educational programs, services and products, consisting primarily of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. The Company operates through six segments: language training and test preparation, primary and secondary school education, online education, content development and distribution, post-secondary education and overseas study consulting services. All of the Company’s schools, and learning centers and bookstores operate under its New Oriental brand.
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